
In today’s pre-mkt summary for Subscribers: President Trump says he’ll hold off joining Israel’s attacks on Iran to allow diplomacy to work; The Fed held rates steady, and signaled 2 rate cuts this year, starting in September. Much depends on whether core CPI continues to come down, as Trump’s trade and economic policies combined with oil price uncertainty weigh on the Fed’s inflation outlook; $Tesla(TSLA.US) robotaxi launch in Austin set for Sunday still seems to offer asymmetrical risk/reward weighted to the downside; $Circle(CRCL.US) continues to soar after the U.S. Senate passed stablecoin legislation on Tuesday setting up a regulatory framework for crypto currencies pegged to the U.S. dollar.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.